MANUFACTURING

Supply Chain Issues Will Continue Through First Half of 2022

Dray Alliance Inc. last week announced it picked up $40 million in Series B funding, bringing its total raised to $55 million.

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Rocket Lab to Acquire Space Solar Power Products Company SolAero for $80M

The acquisition is expected to close in the first quarter of 2022.

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San Pedro Bay Ports on Track for Record Year

Both the ports of L.A. and Long Beach continue to set records despite a dip in imports in November compared to November 2020.

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Luxury Shoemaker Keeps Manufacturing Operations Local to Stay a Step Ahead

On a recent Tuesday, Sofi Newmyer stopped by Lalaland Production and Design Inc.’s factory in downtown and watched her new line of ankle boots get glued, stitched and boxed, just in time for the holiday shopping season.

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ExxonMobil Division Acquires Pasadena-Based Resin Manufacturer Materia

A division of ExxonMobil Corp. has picked up Pasadena-based Materia Inc. on undisclosed terms.

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SpaceX Acts to Launch Mars-Bound Rockets From Florida

Space Exploration Technologies Corp. commenced construction in Florida on a launchpad to send its Starship Mars rocket to the red planet.

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Rocket Lab Unveils Neutron Reusable Rocket

Rocket Lab USA Inc. founder and Chief Executive Peter Beck last week provided a sneak peek at the Long Beach-based company’s newest rocket, Neutron.

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Santa Monica-based NextCar Plans to Rebrand as Autonomy

NextCar Holding Co. Inc. is going to market as Autonomy.

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CMA CGM Group Makes Moves to Reduce Shipping Container Buildup in LA and Long Beach

CMA CGM Group, in a bid to help ease congestion at the local ports, is giving out monetary rewards to importers that pick up their containers within eight days of unloading.

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FDH Aero Acquires Unical Defense to Expand Supplier Partnership Strategy

El Segundo-based Fastener Distribution Holdings, doing business as FDH Aero, acquired Unical Defense Inc. in the City of Industry on undisclosed terms.

Tapatio Pandemic Losses Offset by Strong Retail Sales

Luis Saavedra grew up in 1970s helping his father make hot sauce out of Tapatio Foods’ 700-square-foot shop in Maywood, all the while dreaming of one day becoming a doctor.

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Ports of LA and Long Beach Take New Steps to Reduce Congestion Amid Record Amounts of Cargo

Several measures recently implemented to ease congestion at the San Pedro Bay port complex, coupled with the winding down of the busy holiday season for the shipping industry, appear to be paying off.

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Local EV-Makers Unveil New Designs at LA Auto Show

Led by Fisker Inc., local automakers have a strong presence at this year’s Los Angeles Auto Show.

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Rocket Lab Surpasses Revenue Expectations Amid Successful Rocket Launch, Acquisition Deal

Aerospace company Rocket Lab USA Inc. surpassed third-quarter revenue expectations and announced it has entered into an agreement to acquire Planetary Systems Corp. in a cash and stock deal.

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EV-Maker VinFast Moves to Playa Vista, Plans US Expansion

Last week was a busy one for VinFast. The EV-maker, a subsidiary of Vietnam-based VinFast Trading and Service Co., moved into a 15,000-square-foot space in Playa Vista to set up its U.S. headquarters.

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